Universal Life Insurance Tips

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  1. Pitfalls to Look Out for When Buying a Life Insurance Policy: Why Universal Life is a Good Idea if You want Flexibility
    Don't buy a policy does not suit your family's needs! The wrong policy can cost you thousands and leave your family strangled for cash.

  2. Whole Life or Universal Life?
    Universal life was created to deal with some of the shortcomings of traditional whole life insurance, which provides insurance for the insured’s lifetime.

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maria alcaria
maria alcaria

I’m looking for a life insurance policy that works best for me.

dominga
dominga

i already have a universal life insurance, and am paying much but my husband doesn’t have and maybe if we take one for him it will be too much for us. so is there any joint for me and my husband or family insurance as i have two kids ages 13 and 9

NESTOR OLFINDO
NESTOR OLFINDO

Hi, i’ve been a Universal Life policy holder since 2002, but right now we’re having a financial problem, and in need of extra money, so me and my wife decided to cancel our policy,..since i already have one from my work.

Is there a charge for canceling that and how can we withdraw the rest of our funds.

Thanks so much!!

Nestor

Graeme
Graeme

If a policy is canceled, how long until the attached cash account is returned to the client?

Eliseo
Eliseo

Hi! Ive been a Universal Life Solutions policy holder since …. and as of now, im having a little financial problem. Is it possible for me to avail of a policy loan for this plan? Also, my beneficiaries are not living in Canada. If something happens to me, can they claim the insurance amount.

Graeme
Graeme

If a client decides to cancel their policy, how long until they receive their cash value?

Graeme
Graeme

Surrender? That makes it sound like I don’t get it all back. If it’s my money, and I’ve been putting it in the cash account since the plan started, why is there a ‘surrender’ amount to get my own money back?
Also, why do you call it a “loan” when again, it’s my money? It sounds like I would be charged interest to borrow my own money…that can’t be right, can it?

Tye
Tye

Hi, I am a 46 yr old man with nothing to leave behind for my final expenses. I need affordable insurance but don’t know what type suits my needs best. Please advise.

Thank you
Tye

Constance
Constance

Do all YRT Universal Life Policies have surrender penalties. My plan is in year 13